INSTRUMENT	ISSUER	INT_RATE	Purchase Date	Maturity Date	Cost	Face Value	MARKET VALUE	BANK	ACCOUNT_NO	AMORTIZED VALE			12/31/2005
DCA	BC	3.10	5-Dec-05	13-Jan-06	16,943,900.00	17,000,000.00	16,981,300.00				########
BOND	BCMFA	5.03	22-Apr-04	22-Apr-13	998,900.00	1,000,000.00	1,010,000.00	422023	########		########
BOND	BNS	4.09	10-Dec-04	10-Jun-06	2,000,000.00	2,000,000.00	1,960,180.00	422023	########		########
BA	BNS	3.27	19-Dec-05	16-Jan-06	5,985,000.00	6,000,000.00	5,991,428.57	422341	########		-8,571.43
BA	BNS	3.38	7-Dec-05	1-Mar-06	7,938,240.00	8,000,000.00	7,955,885.71	422341	########		########
DCA	BNS	3.27	19-Dec-05	16-Jan-06	3,990,000.00	4,000,000.00	3,994,285.71				-5,714.29
DCA	BNS	3.38	7-Dec-05	1-Mar-06	3,969,120.00	4,000,000.00	3,977,942.86				########
DCA	BOND GOV CAN 5.0%	4.66	7-Apr-04	1-Jun-14	2,063,540.00	2,000,000.00	2,147,560.00				########
DCA	BOND GOV CAN 5.0%	4.32	8-Mar-05	1-Jun-14	3,163,500.00	3,000,000.00	3,221,340.00				########
DCA	BOND GOV CAN 5.25%	4.62	8-Apr-04	1-Jun-13	2,101,600.00	2,000,000.00	2,166,520.00				########
DCA	BOND GOV CAN 6.0%	4.99	22-Jan-02	1-Jun-08	2,115,000.00	2,000,000.00	2,097,240.00				########
DCA	BOND GOV CAN 6.0%	4.45	18-Mar-03	1-Jun-08	1,610,400.00	1,500,000.00	1,572,930.00				########
BOND	CHT	3.61	17-Mar-04	15-Mar-09	998,780.00	1,000,000.00	986,060.00	422023	########		########
BOND	CHT	4.20	20-Sep-04	15-Sep-09	1,020,270.00	1,000,000.00	1,021,310.00				########
BOND	CHT	3.63	27-Sep-05	15-Sep-10	998,910.00	1,000,000.00	978,960.00	422023	########		########
BOND	CHT	4.04	9-Dec-05	15-Sep-10	1,964,800.00	2,000,000.00	2,000,000.00				-
BOND	CIBC	4.38	26-Mar-04	26-Mar-09	10,365,000.00	10,000,000.00	10,105,200.00				########
BOND	CIBC	4.84	14-Mar-05	22-Dec-14	1,994,880.00	2,000,000.00	2,045,700.00	422023	########		########
BA	CIBC	3.16	25-Nov-05	3-Jan-06	4,983,150.00	5,000,000.00	4,998,703.85	422023	########		-1,296.15
DCA	CIBC	3.16	25-Nov-05	3-Jan-06	996,630.00	1,000,000.00	999,740.77				-   259.23
BOND	FARM CREDIT	4.04	24-Jan-05	24-Jan-06	1,000,000.00	1,000,000.00	976,110.00	422023	########		########
BOND	FARM CREDIT	4.14	1-Dec-05	1-Jun-06	1,000,000.00	1,000,000.00	1,000,000.00				-
BOND	FARM CREDIT	4.04	5-Dec-05	5-Dec-06	1,000,000.00	1,000,000.00	994,090.00	422023	########		-5,910.00
BOND	FARM CREDIT	4.04	5-Dec-05	5-Dec-06	1,000,000.00	1,000,000.00	994,090.00	422023	########		-5,910.00
BOND	FARM CREDIT	4.04	20-Dec-05	20-Dec-06	1,000,000.00	1,000,000.00	1,000,000.00	422023	########		-
BOND	FARM CREDIT	4.04	20-Dec-05	20-Dec-06	1,000,000.00	1,000,000.00	1,000,000.00	422023	########		-
BOND	GOV CAN	5.55	7-May-01	1-Dec-06	3,217,200.00	3,000,000.00	3,084,000.00	422023	########		########
BOND	GOV CAN	5.24	31-Aug-01	1-Jun-07	5,511,000.00	5,000,000.00	5,230,000.00	422023	########		########
BOND	GOV CAN	4.20	10-Jul-03	1-Jun-09	2,138,920.00	2,000,000.00	2,101,680.00				########
BOND	HALTON	4.68	13-Feb-04	12-Feb-12	989,018.00	991,000.00	1,007,847.00	422341	########		########
BA	HONGKONG	3.21	23-Nov-05	17-Jan-06	13,932,660.00	14,000,000.00	13,979,185.82	422341	########		########
BA	HONGKONG	3.35	16-Dec-05	15-Feb-06	19,888,600.00	20,000,000.00	19,915,993.44	422023	########		########
DCA	HONGKONG	3.21	23-Nov-05	17-Jan-06	995,190.00	1,000,000.00	998,513.27				-1,486.73
BOND	LONDON	4.58	19-Sep-03	19-Sep-09	498,830.00	500,000.00	505,020.00	422023	########		5,020.00
BOND	MANITOBA	4.04	1-Dec-05	1-Dec-06	2,000,000.00	2,000,000.00	2,000,000.00	422023	########		-
BOND	MANITOBA	4.04	19-Oct-05	15-Sep-10	3,000,000.00	3,000,000.00	3,000,000.00				-
BOND	ONT	3.04	24-Mar-04	24-Mar-06	4,998,000.00	5,000,000.00	4,988,900.00	422023	########		########
BOND	ONT	3.03	24-Mar-04	24-Mar-06	2,130,000.00	2,130,000.00	2,125,271.40				-4,728.60
BOND	ONT	5.60	21-Jun-01	21-Jun-06	500,000.00	500,000.00	507,441.85				7,441.85
BOND	ONT	4.25	30-Sep-02	21-Jun-06	2,503,228.00	2,366,000.00	2,401,371.70				########
BOND	ONT	3.45	23-Jun-03	21-Jun-06	500,000.00	500,000.00	498,825.00				-1,175.00
BOND	ONT	3.45	26-Jun-03	21-Jun-06	3,500,000.00	3,500,000.00	3,491,775.00				-8,225.00
BOND	ONT	4.00	17-Nov-03	21-Jun-06	3,196,800.00	3,000,000.00	3,455,342.88	422023	########		########
BOND	ONT	5.64	15-May-01	24-Jul-06	2,195,000.00	2,000,000.00	2,044,100.00	422023	########		########
BOND	ONT	5.95	28-May-01	24-Jul-06	2,707,500.00	2,500,000.00	2,555,125.00	422023	########		########
BOND	ONT	3.11	7-Jan-05	8-Mar-07	2,085,000.00	2,000,000.00	2,028,860.00	422023	########		########
BOND	ONT	3.88	15-Dec-05	8-Mar-07	4,064,400.00	4,000,000.00	4,057,720.00	422023	########		########
BOND	ONT	3.58	11-Feb-04	21-Jun-07	2,079,000.00	2,000,000.00	2,035,680.00	422023	########		########
BOND	ONT	3.73	4-Nov-05	4-Nov-07	1,000,000.00	1,000,000.00	990,520.00	422023	########		-9,480.00
BOND	ONT	4.53	17-Nov-03	19-Nov-08	996,500.00	1,000,000.00	1,012,000.00	422023	########		########
BOND	ONT	4.57	17-Nov-03	19-Nov-08	497,295.00	500,000.00	506,000.00	422023	########		6,000.00
BOND	ONT	3.22	15-Jun-05	1-Dec-08	3,244,932.00	3,000,000.00	3,136,563.00	422023	########		########
BOND	ONT	4.19	3-May-04	19-May-09	2,980,260.00	3,000,000.00	2,997,300.00				-2,700.00
BOND	ONT	5.18	9-Aug-04	8-Mar-14	991,630.00	1,000,000.00	1,053,530.00	422023	########		########
BOND	ONT	5.06	7-Oct-04	8-Mar-14	2,000,880.00	2,000,000.00	2,107,060.00	422023	########		########
BOND	ONT	5.05	8-Oct-04	8-Mar-14	1,000,830.00	1,000,000.00	1,053,530.00	422023	########		########
BOND	ONT	4.28	22-Jul-05	8-Mar-15	1,021,050.00	1,000,000.00	1,018,180.00	422023	########		########
BOND	ONT	4.32	24-Oct-05	8-Mar-15	3,052,200.00	3,000,000.00	3,096,334.50	422023	########		########
BOND	RBC	4.04	24-Aug-05	24-Aug-06	5,000,000.00	5,000,000.00	4,902,600.00				########
BA	RBC	3.26	8-Dec-05	3-Jan-06	2,993,040.00	3,000,000.00	2,999,196.92	422023	########		-   803.08
BA	RBC	3.44	15-Dec-05	15-Mar-06	13,882,260.00	14,000,000.00	13,903,191.56	422023	########		########
DCA	RBC	3.26	8-Dec-05	3-Jan-06	1,995,360.00	2,000,000.00	1,999,464.62				-   535.38
BA	TD	3.27	5-Dec-05	13-Jan-06	7,974,960.00	8,000,000.00	7,991,653.33	422341	########		-8,346.67
BA	TD	3.27	15-Dec-05	20-Jan-06	4,983,950.00	5,000,000.00	4,991,083.33	422023	########		-8,916.67
BA	TD	3.35	23-Dec-05	15-Feb-06	10,944,870.00	10,999,095.54	10,952,903.41	422023	########		########
DCA	TD	3.27	15-Dec-05	20-Jan-06	16,945,430.00	17,000,000.00	16,969,683.33				########
DCA	TD	3.35	23-Dec-05	15-Feb-06	8,956,530.00	9,000,904.46	8,963,103.99				########
BOND	TORONTO	4.59	25-Sep-03	25-Sep-09	499,100.00	500,000.00	506,330.00				6,330.00
BOND	TORONTO	4.59	25-Sep-03	25-Sep-09	499,100.00	500,000.00	506,330.00				6,330.00
BOND	TORONTO	4.80	25-Sep-03	25-Sep-10	499,900.00	500,000.00	513,385.00	422023	########		########
BOND	TORONTO	4.68	20-May-05	20-May-15	1,292,473.00	1,300,000.00	1,318,772.00	422023	########		########
BOND	WATERLOO	3.42	29-Nov-04	29-Nov-06	999,230.00	1,000,000.00	995,080.00	422023	########		-4,920.00
BOND	YORK	3.32	28-Oct-04	28-Oct-06	999,140.00	1,000,000.00	994,870.00				-5,130.00
BOND	YORK	4.21	25-May-05	25-May-11	997,900.00	1,000,000.00	998,640.00	422023	########		-1,360.00
BOND	YORK	5.21	5-Jul-04	5-Jul-11	998,800.00	1,000,000.00	1,040,780.00	422023	########		########
BOND	YORK	4.04	27-Sep-05	27-Sep-13	1,986,000.00	2,000,000.00	1,955,220.00	422341	########		########
				Cost	264,065,586.00	261,520,563.00
						Market Value	263,662,534.84
			Less:Varley Trust		-    1,364,547.41
					262,701,038.59		262,297,987.43
				Less Ammort/Bank	-1,543,875.85
					261,157,162.74
1140060	92155550.42	ok
1140070	102273632.2	ok
1140075	65,292,160.00	ok		CANADA		21,679,719.94
				ONT		46,724,153.15
				MUNICIPAL		10,146,492.78
1140061	918,400.95	ok		GOV'T BUSINESS ENTERPRISES		10,861,795.68
1140076	379,106.29	ok		PROVINCIAL AND BANKS		171,745,001.20
1600002	138,312.91
	261,157,162.74